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Apr 16, 2013
04/13
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when we were start to go break down with gold taking out those year and a half range lows at the 1533/22 area, silver was still holding above its equivalent levels at that 26. when that broke, you saw a significant acceleration of the downside in precious in general. but also, silver tends to be high beta gold. when gold catches a cold, silver tends to catch pneumonia. so when it starts to you ever, you can see oftentimes gold come under pressure, as well. >> and what are the correlations here. what was interesting about the actions yesterday, it wasn't happening because people suddenly decided the global growth outlook was going to provide more quantitative easing or something like that. you could argue that perhaps if anything, we would have seen gold holed up better if the other industrial metals were selling off. what is it in your view that is driving these asset classes now? what is the new correlation in trade? >> well, witto gold correlations, it tends to be quite mixed, actually. historically, people think of gold as a safe haven asset and in certain instances, it can act as a s
when we were start to go break down with gold taking out those year and a half range lows at the 1533/22 area, silver was still holding above its equivalent levels at that 26. when that broke, you saw a significant acceleration of the downside in precious in general. but also, silver tends to be high beta gold. when gold catches a cold, silver tends to catch pneumonia. so when it starts to you ever, you can see oftentimes gold come under pressure, as well. >> and what are the correlations...
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Apr 18, 2013
04/13
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input costs are down. 22%, that's how much the stock is down. it's got about a 12% short interest. >> so the stock is trading at 28 times forward estimates and you will get that low single digit comp number. margins are actually not improving. they're going to decelerate because of package cost, food cost, labor costs, etc. i think that the guidance may have to come down. at that point maybe you want to buy it. >> mike? who won? >> i'm going to go with dr. jay. this quarter might be a little weak, but they get into higher margin businesses. >> and now the biggest pops and drops in midday trading. what do you think? >> i think the stock is interesting. if you look at a commercial mlr, it was down. >> michael jackson and this is the other michael jackson put up some great numbers. the stock reacting to that. >> a pop in peabody energy. >> the guidance was a lot better than people had anticipated. the stocks up almost 10% now. when these things bottom we all know you will see a big snap back. they did sell a nice number of the lumia phone. that was
input costs are down. 22%, that's how much the stock is down. it's got about a 12% short interest. >> so the stock is trading at 28 times forward estimates and you will get that low single digit comp number. margins are actually not improving. they're going to decelerate because of package cost, food cost, labor costs, etc. i think that the guidance may have to come down. at that point maybe you want to buy it. >> mike? who won? >> i'm going to go with dr. jay. this quarter...
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Apr 16, 2013
04/13
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right now, oil is down by about 22 cents to 88.49. as for currencies, the dollar recovering from two-week lows against the yen. traders say that the risk sentiment is still shaky and gold prices will continue to have an impact, but right now the dollar/yen is at 97.92. dollar is weaker against the euro, trading just above 1.30. the u.s. ten-year at this point is yielding 1.719% and is can european stocks this morning. they're off their lows, despite some weak numbers out of germany, although you see some red arrows across the board. overnight, the markets in asia ended slightly lower, as well. you saw that the nikkei was down by 0.4%. and the hang seng was down by about the same amount. ross westgate will be joining us from london with more on the overseas markets in just a few minutes. >> okay. now let's go boston this morning. cnbc's senior correspondent scott cohen is there and he joins us now live with the latest. scott. >> good morning, andrew. still more questions than answers about what happened yet yesterday. domestic or forei
right now, oil is down by about 22 cents to 88.49. as for currencies, the dollar recovering from two-week lows against the yen. traders say that the risk sentiment is still shaky and gold prices will continue to have an impact, but right now the dollar/yen is at 97.92. dollar is weaker against the euro, trading just above 1.30. the u.s. ten-year at this point is yielding 1.719% and is can european stocks this morning. they're off their lows, despite some weak numbers out of germany, although...
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Apr 16, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ >>> welcome back to "fast money," i'm bertha coombs. i want to update you on the latest update from officials in boston on the boston marathon bombing. fbi special agent in charge says they have sifted through some 2,000 tips so far. he talked about the bomb. what went on in the making of those explosive devices. he said they were encased in pressure cookers and he detailed what they have gathered so far from the forensic evidence. >> among items partially recovered are pieces of black nylon which could be from a backpack. and what appear to be fragments of bbs and nails possibly contained in a pressure cook
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ >>>...
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Apr 18, 2013
04/13
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tax rates. is there a question in your mind, is the earnings -- as to the earnings quality this quarter? >> you know, not really, that was an r & d tax credit that had flow through in terms of year. i remember looking at the core business, i think motorola as you mentioned, it's a little bit of dragging a lead ball on a chain. but the core business is very solid. volume was up 20%, pricing or cpc as people call it, down 4%. that's moderated, and i think the really key message here is that the core business is still in that kind of high teen to 20% growth with stable margins, ebitda margin in the mid-30s range. i think to the point of jon mentioning enhanced campaign, they're trying to equalize the money that advertisers are spending on mobile as it relates to desk top. i think that's starting to work. we saw that a little bit with yahoo. i think we're going to see that with facebook in a couple of weeks. mobile advertising may be in the infancy is really starting to work and that was part of wha
tax rates. is there a question in your mind, is the earnings -- as to the earnings quality this quarter? >> you know, not really, that was an r & d tax credit that had flow through in terms of year. i remember looking at the core business, i think motorola as you mentioned, it's a little bit of dragging a lead ball on a chain. but the core business is very solid. volume was up 20%, pricing or cpc as people call it, down 4%. that's moderated, and i think the really key message here is...
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Apr 19, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ turn of event in the last 11 hours in the boston area. what you are looking at are pictures moments ago of the police and local law enforcement officials focusing in on what we believe is a home in watertown, massachusetts. this is where they have tracked down where this man hunt that has taken place has led them. this is a man hunt to chase a terror suspect in the boston marathon bombings. his brother, we believe they were two brothers who dhaerd out. his brother was killed earlier today running from police. we do -- we have been watching all of this and are watching now as this develop, but please, just in the last half hour have focussed in on a home in
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ turn of event in the last 11 hours in the boston area. what...
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Apr 19, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] the first look is only the beginning. ♪ ♪ this is a stunning work of technology. ♪ this is the 2013 lexus es and the first-ever es hybrid. this is the pursuit of perfection. >>> the mayhem began last night. they shot the m.i.t. police officer in the head and killed him. the suspects carjacked a mercedes suv. >> there is a massive manhunt under way. we're asking people to shelter in place. in other words, to stay indoors. >> that pursuit ended up in watertown, massachusetts. a massive dragnet has ensued. >> officials apparently on the lookout for some accomplices other than the suspects that are related to the bombing itself. >> they were also looking for another suspect who they believed may have hopped on an amtrak train south toward connecticut. they did not find anyone on that train. t
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] the first look is only the beginning. ♪ ♪ this is a stunning work of technology. ♪ this is the 2013 lexus es and the first-ever es hybrid. this is the pursuit of perfection. >>> the...
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Apr 22, 2013
04/13
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price target price target cut from 24 to 22. they had been optimistic on g.e. for a number of years. so this is a multiyear reversal call on g.e. >> big deal. take a look at shares of caterpillar. the company came out for earnings. that stock is trading higher right now. we'll find out why. they gave guidance below expectations. maybe the street had been anticipating this. the chairman and ceo is going to talk to us in just a couple minutes to explain what happened and what he sees around the globe. >>> also, take a look at u.s. equity futures. dow 40 points. [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ to help you take charge. want to save on electricity? don't use it. live like they did long ago. or just turn off the lights when you leave a room. you can
price target price target cut from 24 to 22. they had been optimistic on g.e. for a number of years. so this is a multiyear reversal call on g.e. >> big deal. take a look at shares of caterpillar. the company came out for earnings. that stock is trading higher right now. we'll find out why. they gave guidance below expectations. maybe the street had been anticipating this. the chairman and ceo is going to talk to us in just a couple minutes to explain what happened and what he sees around...
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Apr 17, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] here at optionsxpress, our clients really seem to appreciate our powerful, easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. hey ray, my uncle wanted to say thanks for idea hub. o well tell him i said you're welcome. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. yea, and these ideas are across the board -- bullish, bearish and neutral. i think you need a bigger desk, pal. another one? traders love our trading patterns, now with options patterns. what's not to love? they see what others are trading -- like the day's top 10 options trades by volume -- a
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] here at optionsxpress, our clients really seem to appreciate our powerful, easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries...
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Apr 22, 2013
04/13
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morgan helping to make that happen and cutting to neutral a price target of 22 saying that the safety theme in the stock is now getting harder and harder to defend. in their words dead money near-term, and best case of 70 basis point margin improvement later this year. ge, of course, which had has rallied and had a pretty good year so far down 44 cents and that is almost down 2%. david? >> thank you very much, carl. as we've said a number of times this morning we are at the active passive summit. joining us smith is a very active activist. you created news in a position you had, 14.8% of office depot, but you embark on a consent to replace a lot of the board members. why? >> well, david. >> thanks for having me, first of all. >> you're welcome. >> so, yes, we own 14.8% of office depot and we think that there's a lot of value. the company is valued at around three and a half times ebitda. >> with officemax which is a deal in process. >> right. >> we believe that the company could be valued in less than one and a half times ebitda. so there's a lot of change that can happen to the compa
morgan helping to make that happen and cutting to neutral a price target of 22 saying that the safety theme in the stock is now getting harder and harder to defend. in their words dead money near-term, and best case of 70 basis point margin improvement later this year. ge, of course, which had has rallied and had a pretty good year so far down 44 cents and that is almost down 2%. david? >> thank you very much, carl. as we've said a number of times this morning we are at the active passive...
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Apr 17, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> you're watching cnbc "squawk on the street" live from the financial capital of the world. the opening bell, and the earnings have been checkered. europe, though, has had a dramatic morning especially the dax. >> look, europe is -- if they're not going do anything to
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together...
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580
Apr 16, 2013
04/13
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nasdaq picks up 48 points, 1.5%, and the s&p 500 higher by 22, also 1.5%. we're in earnings mode right now. we are awaiting earnings from intel and yahoo!. our jon fortt is going to dig through the numbers as soon as they come out and we're going
nasdaq picks up 48 points, 1.5%, and the s&p 500 higher by 22, also 1.5%. we're in earnings mode right now. we are awaiting earnings from intel and yahoo!. our jon fortt is going to dig through the numbers as soon as they come out and we're going
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Apr 23, 2013
04/13
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there was a ceremony at the finish line of the boston marathon. the boston mayor handed the flag that flew over the finish line. this is one step towards getting that street reopened. last night, the chinese graduate student, one of the three victims killed by the blast, there was a memorial service for her yesterday. kelly, back to you. >> okay, scott, thanks very much for that. we want now to get back out to jim o'neill. he's chairman, of course, goldman sachs asset management in the twilight on his days at goldman, in fact. jim, i just want to pick up on a point you made a few minutes ago, saying you've learned throughout your tenure that market are always smarter. and today we're seeing some increstble levels in sovereign debt across europe. we've got the german tet potentially at fresh lows, yielding under 1.2%. we've got italy rallying to below 4%. spain, i think under 4.4% the last time i checked. look, what message is this sending here? >> well, i find myself wondering if some of it is linked to whatever we were touching on indirectly from
there was a ceremony at the finish line of the boston marathon. the boston mayor handed the flag that flew over the finish line. this is one step towards getting that street reopened. last night, the chinese graduate student, one of the three victims killed by the blast, there was a memorial service for her yesterday. kelly, back to you. >> okay, scott, thanks very much for that. we want now to get back out to jim o'neill. he's chairman, of course, goldman sachs asset management in the...
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Apr 22, 2013
04/13
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now a gain of 22. >> big reversal. big reversal on apple certainly. the much anticipated earnings report expected tomorrow. after the break we're going to find out exactly what to expect from apple. plus, we'll debate why the stock is having such a tough time lately dropping below 400 just last week. >>> then the faa warning about long airport delays because of government budget cuts. but in addition to grounding your travel plans, the cuts could also prevent your portfolio from taking flight which we will look at coming up. >>> don't miss my exclusive interview coming up with johnson & johnson ceo alex gorsky. that stock hitting an all-time high today. how he plans to push it even higher. that and a lot more coming up on the "closing bell," most important hour of the trading day right now. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're livi
now a gain of 22. >> big reversal. big reversal on apple certainly. the much anticipated earnings report expected tomorrow. after the break we're going to find out exactly what to expect from apple. plus, we'll debate why the stock is having such a tough time lately dropping below 400 just last week. >>> then the faa warning about long airport delays because of government budget cuts. but in addition to grounding your travel plans, the cuts could also prevent your portfolio from...
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Apr 18, 2013
04/13
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a memorial service for the victims of the boston marathon bombing. that's going to start at 11:00 a.m. eastern time in about 35 minutes from now. mayor menino, governor patrick, even mitt romney will be there and the president will speak. when that starts to happen at 11:00, we'll bring you that live. >>> huge week for ipos with the likes of fairway, intelesat. with the flood of companies coming to market, is that a sign of good things to come? we'll get back in a couple of minutes. my mantra? trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell
a memorial service for the victims of the boston marathon bombing. that's going to start at 11:00 a.m. eastern time in about 35 minutes from now. mayor menino, governor patrick, even mitt romney will be there and the president will speak. when that starts to happen at 11:00, we'll bring you that live. >>> huge week for ipos with the likes of fairway, intelesat. with the flood of companies coming to market, is that a sign of good things to come? we'll get back in a couple of minutes. my...